Ppl already suffer covid, no money, no eat, no income, all loan. Buy car for what, siao meh. Last time can buy new car as want to show off during cny , raya or Christmas. Now no die of covid can d. Impossible august got selling 6000+ car , this info really misleading. I didn't see new plate on car. TP 1.50
EatCoconutCanWin Perodua reduced its sales target to 214k from 250k previously for FY2021 it's lower than 2018 (227k),2019 (240k) and 2020 (220k) historical sales but still higher than my expected sales given that they have been facing chip shortage and shut down of production plants and showroom.
In many places of Malaysia including KL and Selangor, personal vehicle is a neccessity and Perodua offers the most affordable cars starting at 30k and with 7-yeras loan, monthly payment is less than RM600 for the cheapest AT Axia and slightly under RM650 for the cheapest AT Bezza.
Of course you could argue that 2nd hand cars and motorcycle is another option, but they serve a different group consumers most of the time. I think bad economy not a major concern to Perodua sales, since given the adverse economic prospect Perodua is expected to eats up marketshare from more premium foreign brands as well.
The hierarchy is (generally) as such: used vehicles -> national vehicles -> Japanese/Korean -> Continental -> Luxury. What we find is that a lot of the middle class people who usually buy Japanese are more likely to drop down to national vehicles for cost savings.
Proton is the main competitor to Perodua in the lower segments (Saga vs Bezza, Myvi vs Iriz) but we find that their new Geely-based products like X50 and X70 are more like eating up the upper tier Japanese and Conti sales (e.g. buy X70 instead of CX-5, X1 or CR-V), rather than eating up Perodua sales. So we just compare la, between the Perodua and Proton of similar segment:
Axia vs No competitor (Axia win) Bezza vs Saga (Even. Bezza more popular for fuel economy & higher tech, Saga cheaper and better handling) Myvi vs Iriz (this one I don't need to say). No competitor vs Persona (Persona win) Exora vs Alza (Exora wins by a bit, but both models are going to be phased out. Aruz much more expensive than both, currently no competitor).
Look at the sales figures you can see Proton good sales is Saga and Persona, by a lot. Perodua on the other hand has high sales for Axia and Myvi, commendable sales for Bezza and Aruz. Ativa occupies a unique segment in the market and it's hard to say how much overall it will contribute, but the sales so far have been good la.
Perodua's order book is full till the end of the year. Their focus is on production now. Any new bookings must come next year liao. Laku or not?
Gives good dividends for the third (sept) and fourth quarters (dec) based on past records. Also it has high net tangible assets and eps relative to the price..Most of the shareholders are institutions including a number of public bank unit trusts.. The shares are being tightly held could be one reason why the stock has low volatility...and does not move much..
you are right cn21, prospects continued strong demand for vehicles supported by favorable interest rates & continuation of sales tax exemption until 30 June 2022 plus with the weakening of the JPY currency will benefit MBMR which company have some imported content exposure to the Yen, but its model are highly localised in general. However, MBMR still could benefit from the strengthening of the ringgit, through their equity stakes as the automaker would enjoy lower landed costs in ringgit terms.
The demand for Perodua cars also remains healthy with most of its models having longer than a two-month waiting period. Perodua said this is a good sign of their sales.
Not to mentioned, Perodua is aiming to revamp its dealership network by double the numbers of its 3S (sales, services, and spare parts) outlets within this 4 years. This should further strengthen Perodua’s after-sales service and branding.
So just relax and stay the sweet journey of MBMR for this 2022, atleast enjoy the next quarter report because SST exemption has been extended until 30 June 2022.
News on 5th April 2022: Perodua registered sales of 61,624 vehicles in the first quarter of the year, a 6.4% jump from 57,909 vehicles in the same period in 2021.
Sales in March alone jumped 9.5% year-on-year to 26.759 vehicles compared with February 2022.
According to Perodua president and CEO Datuk Zainal Abidin Ahmad, the auto company was able to work with its suppliers and dealers to less the impact of Covid-19 and component supply issues.
Our focus is now to expedite the vehicles delivery to our customers before the sales tax exemption deadline ends on 30 June 2022.
Perodua also echoes MAA’s (Malaysia Automotive Association) request to further extend the sales tax exemption as factors such as the global semiconductor supply disruption and Covid-19 cases are still impacting the industry.
He added that the government's sales tax exemption helped to keep demand high and sustain the industry.
Moving forward, Zainal said the second quarter of 2022 will be the highlight of the automotive industry as brands will deliver as many vehicles as possible within the three-month period.
We do not foresee other factors such as the conflict between Russia and Ukraine to have a major impact on Perodua’s production moving forward.
Good news for MBMR 11 April 2022: Malaysia's wholesale, retail trade sales up 8.5% to RM117.2bil in Feb 2022
Malaysia’s wholesale and retail trade sales increased by 8.5 per cent year-on-year (y-o-y) to RM117.2 billion in February 2022, according to the Department of Statistics Malaysia (DOSM).
Vehicles sector had expanded by 12.5 per cent or RM1.4 billion to RM12.5 billion in February 2022, attributed to sales of vehicles parts and accessories which increased 27 per cent to RM3.5 billion.
The expansion was also supported by the growth in maintenance and repair of vehicles (+27.3 per cent), sales of vehicles (+3.3 per cent), as well as sales, maintenance and repair of motorcycles (+5.1 per cent).
News on 13 April 2022: Perodua’s sales increased to 26,759 units in March 2022, 54% higher than the 17,421 units registered in the previous month February 2022.
In the first quarter of 2022, Perodua sold 61,624 units, 6% higher than the 57,909 units registered in the same period of 2021. As a result, Perodua had achieved 25% of its sales target for the year of 247,800 units.
Its top-selling models in the first quarter of the year were the recently face-lifted Myvi, followed by the Axia and Bezza. The group was pleased with the improved sales registered by Perodua in March 2022.
Mr All_in_2021. Malaysian Automotive Association (MAA) said the government is now considering to extend the sales and service tax (SST) exemption after 30 June 2022. MAA has made an appeal letter to request for the extension from the Ministry of Finance, which will be sent after the AGM :)
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